The Global Version of More Money =/= Better Education

So perhaps the problem is the way the money is getting spent, not the amount.

That’s why the moral of the story is that we need to break up government school monopolies and harness the power of the market by giving parents and students genuine school choice. For what it’s worth, there’s strong evidence that choice produces good outcomes in the limited instances where it is allowed in the United States.

P.S. There’s also strong evidence for school choice from nations such as Sweden, Chile, and the Netherlands.” -Dan Mitchell

Indeed, I would argue that this chart is the most powerful image I’ve ever seen. More and more money gets plowed into the system (even after adjusting for inflation!), but the only effect is that school systems hired more bureaucrats.

There hasn’t been any positive impact on student test scores.

It’s especially depressing when you compare the United States with other developed nations. We spend more than other countries, on a per-student basis, yet our test scores are below average.